THE MOST RELEVANT PLATFORMS OVERVIEW FOR BLOCKCHAIN DEVELOPERS IN 2020

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The Most Relevant Platform Overview For
Blockchain Developers in 2020

• Blockchain is amongst the cutting edge technology
  that has the potential to revolutionize aspects
  of our daily lives. Blockchain has had a great
  impact on the financial industry and is now
  moving towards impacting other industries as
  well. Blockchain technology, or simply
  Blockchain, is the documentation system that
  supports cryptocurrency technology. It is
  essentially a decentralized and distributed
  record-keeping system that keeps track of all
  electronic bitcoin transactions.

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• Blockchain is amongst the cutting edge technology
  that has the potential to revolutionize aspects
  of our daily lives. Blockchain has had a great
  impact on the financial industry and is now
  moving towards impacting other industries as
  well. Blockchain technology, or simply
  Blockchain, is the documentation system that
  supports cryptocurrency technology. It is
  essentially a decentralized and distributed
  record-keeping system that keeps track of all
  electronic bitcoin transactions.

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Why Blockchain Technology?

• Its use is so widespread that, as of September
  2018, there have been over 28 million blockchain
  wallet users worldwide. Since its conception,
  around 41 million people are using Blockchain
  wallets and have tracked over 200 billion USD
  worth in financial transactions. There is also an
  increasing number of countries exploring the
  possibility of adopting cryptocurrency, with over
  140 countries reached by blockchain technology.

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Wide - Range Of Application

• Due to its capacity to store transactional data,
  blockchain technology has been applied to various
  other industries and applications.
• The financial industry, banks, and
  cryptocurrency have benefitted the most with the
  use of blockchains.
• Blockchains has now expanded towards
  storing and keeping track of medical records for
  healthcare providers.
• Property record management has also
  used blockchain to improve its monitoring and
  documentation of property record usage.

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• Contractual transactions and agreements
  can also be verified negotiated using Smart
  Contract, which is a code that can be
  incorporated into blockchains.
• Supply chain use and management have
  also incorporated blockchains to improve tracking
  of food and material movement. gt
• In 2018, blockchain was used during the
  midterm elections West Virginia to store votes
  and increase voter turnout. If adopted in a
  larger setting, it has the potential to eliminate
  election fraud and tampering, as well as boost
  efficiency and transparency.

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Top Blockchain Platforms For Developers

• In addition to its versatile capabilities,
  blockchain technology still has the potential for
  growth. Blockchain platforms enable blockchain
  developers to develop apps to enhance and expand
  the uses and tools of the technology. Despite
  their cutting edge technology, blockchain
  platforms pros and cons still need to be
  considered when you intend to be involved in the
  blockchain industry.

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• Developed in 2013, Ethereum provides developers
  with an open platform to build and execute a
  decentralized application on blockchain
  technology. Each node on the Ethereum runs its
  virtual machine environment for a smart contract.

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Ethereum

• Ethereum utilizes its cryptocurrency, Ether, and
  a Proof-of-Work based consensus system. The
  platform is open-source and has large support and
  following on Github. Ethereum provides a platform
  to build applications that are open for public
  use and applicable to multiple industries.

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Hyperledger

• Hyperledger is an open-source blockchain platform
  where blockchain developers and institutions
  collaborate. This platform is focused on the
  development and enhancement of a wide-array of
  cross-industry blockchain technology. The
  platform aims to develop enterprise-level
  distributed ledger frameworks for more secure and
  enhanced business transactions.

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Ripple

• Across blockchain platforms, Ripple performs and
  is as popular as Ethereum or Bitcoin. Developed
  in 2012, Ripple is a blockchain platform focused
  on developing and enhancing financial tools and
  technology. RippleNet, a blockchain network
  developed to link together corporates and banks
  with service providers globally.
• This network helps manage and enhance the various
  digital financial transaction like digital asset
  exchanges and payment transactions. The network
  is scalable and secure, as well as interoperable
  with various other networks. RippleNet utilizes a
  digital asset named Ripple or XRP for its
  transactions.

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R3 Corda

• R3 Corda blockchain platform technology improves
  the efficiency of financial transaction by
  allowing direct transactions between smart
  contracts and users. With this approach, business
  processes and transactions are streamlined and
  operational costs are lessened.

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• The R3 consortium is the result of the
  collaborative work between various prominent
  financial institutions. They aim to improve and
  enhance blockchain technology for the financial
  sector. The consortium provides 2 major
  blockchain platform projects. First is Corda,
  which is an open-source cross-industry platform
  available through Github and Corda Enterprise.
  The second project is a commercial and enterprise
  version of Corda.

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R3 Corda

• R3 Corda blockchain platform technology improves
  the efficiency of financial transaction by
  allowing direct transactions between smart
  contracts and users. With this approach, business
  processes and transactions are streamlined and
  operational costs are lessened.

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• With the growing demand for Blockchain and its
  implementation in a different field, lawyers
  knowing this domain will have an extra edge over
  the others who are still naïve to the technology.

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Multichain

• Geared towards the development of private
  blockchains, Multichain provides the environment
  to build secure and permissioned networks.
  Multichain can be used to build cross-industry
  applications with a distributed consensus
  algorithm. It has a strong Github community and
  is free and open-source. The blockchain platform
  supports C, C, Python, and Javascript
  programming languages.

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Multichain

• Geared towards the development of private
  blockchains, Multichain provides the environment
  to build secure and permissioned networks.
  Multichain can be used to build cross-industry
  applications with a distributed consensus
  algorithm. It has a strong Github community and
  is free and open-source. The blockchain platform
  supports C, C, Python, and Javascript
  programming languages.

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Wrap -Up Thoughts

• Blockchain has grown over the years and is
  presumed to expand over the following years. Such
  technology has the potential to change how we
  work, transact, and accomplish processes and
  tasks every day. Such growth can be attributed to
  the quality of developers that continuously push
  the limits of technology.

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• There are several benefits from hiring a
  blockchain developer to build your blockchain
  tools and technology. What blockchain developers
  do and envision impacts how blockchain technology
  can be molded and improved. Collaborating and
  strategizing with these developers can lead to
  enhanced business processes and reduced
  operational costs..

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• Understanding what you need from a blockchain
  developer and choosing among the blockchain
  platforms for developers best fits your needs are
  essential steps that you need to take. Just
  understand that no matter the popularity of the
  cutting edge technology, you need to carefully
  assess each blockchain platforms pros and cons
  to see which best work for you and your team of
  blockchain developers.

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Blockchain Council Certifications

• You can check out our certifications, and kick
  start your career in the Blockchain space today.
• Certified Blockchain Expert
• Certified Blockchain Developer
• Certified Smart Contract Developer
• Certified Solidity Developer
• Certified Ethereum Developer

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